Former U.S President Donald Trump officially announced through social media on Wednesday that he is launching his own app called ‘Truth Social’, the app is even gaining fame as a Trump Social Media app and people have already shown interest to download and install it.
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What is Truth Social – Trump Social Media app ?
Truth Social will be a social media app by Trump Media and Technology Group. Now, as it is launched through Donald Trump’s own tech company, it is also getting popular as Donald Trump Social Media app. The seller of this app on AppStore and PlayStore would be T Media Tech LLC, which gives freedom of expression without disfunction of political ideology.
“We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced. This is unacceptable,” Trump expressed in a written statement included in the release.
“I am excited to send out my first TRUTH on TRUTH Social very soon. TMTG was founded with a mission to give a voice to all. I’m excited to soon begin sharing my thoughts on TRUTH Social and to fight back against Big Tech,” he said.
What features will Truth Social Media app offer?
Profile: Set your profile photo, avatar, and background. One can track personal activities like photo likes, comments, followers, and following added and left.
Truth Feed: A feed where you will come across a lot of posts, videos and ideas shared by people whom you follow. This feed will have all the posts from your followers. One can also edit and delete their post after uploading.
Search: Search person with username to whom you want to follow. One can also make a search with names, profile suggestions will be based on factors like followers, mutual connections, locations.
Notifications: Get a quick notification of your following as soon as they update their posts.
How to download Trump ‘s Truth Social Media app on Android
The app is available for pre-registration on AppStore. One can pre-order the app on AppStore. But, in PlayStore, T MEdia Tech LLC. did not make it available yet. But, soon it will be available as soon as it launches. As soon as the Trump ‘s Truth Social Media app will available, you can follow these instructions to download it on your android device.
- Go to your PlayStore account
- Search for ‘Truth Social’ and Enter.
- You will get lot of other suggestions about the Truth Social Media App. But, select the app which is launched by T Media-Tech LLC
- Click on Download and then after Install, you are ready to use the app on you Android Device now.
This app is also available for windows. If you want to access this app on your pc, you need to know how to download truth social for windows.
How to download Trump ‘s Truth Social Media App on AppStore, Pre-Order Process.
At this time, the app is available to pre-order on AppStore. You can pre-order it and download it once available. Follow these instructions, if you are apple user.
- Visit Apple AppStore for pre-order.
- Search for Trump Social Media App
- Select the app launched by T MEdia Tech LLC
- Finally, Tap on the Pre-Order option and you will be notified to Install it once it gets live on AppStore.
- Sign Up Process for Trump ‘s Truth Social Media App
Trump started the sign-up process to track the number of people showing interest in his social media apps. You can be a part of this waiting list and get notified once it gets live.
- Visit the official website of Truth Social.
- Once can see the ‘Join The Waiting List’ form.
- Enter Your Details asked on the form.
- Now, click on sign-up button,
How to sign-up for waiting list of Truth Social App
- Visit the official website of Donald Trump’s app truthsocial.com
- You will see ‘Join The Waiting List’ form
- Fill The Form & Click on Signup.
- The message will appear as “Thanks! Registration Successful.
- Now, You are registered for the waiting list of Truth Social
Note: The app ‘Truth Social’ is not yet published as of dated 21st October. It is just an announcement of an app. The article is to guide how to download Truth Social Media App once it goes live and will available for all.
Shares of Trump-linked SPAC surge 400% following news of social media deal
The stock of SPAC firm Digital World Acquisition Corp. skyrocketed on extraordinarily heavy buying and selling quantity Thursday after information of a merger that might launch former President Donald Trump’s deliberate social media platform.
DWAC’s stock surged as a lot as 400% to $51 a share Thursday after buying and selling was halted a number of occasions as a result of volatility.
Digital World Acquisition was the one most actively traded inventory on the Constancy platform Thursday, and was by far probably the most traded title on the consolidated tape of New York Inventory Change and Nasdaq listings.
Purchase orders for DWAC — a so-called particular function acquisition firm set as much as increase capital within the public markets to buy personal corporations — outnumbered promote orders by almost 3-to-1 on Constancy’s platform.
By afternoon buying and selling, greater than 360 million shares of DWAC had already modified palms, in line with FactSet.
As compared, SPY, the exchange-traded fund that tracks the S&P 500, had solely traded about 20 million shares across the similar time.
In a press launch Wednesday night time, Trump’s new firm, Trump Media & Expertise Group, mentioned it and DWAC “have entered right into a definitive merger settlement, offering for a enterprise mixture that can end in Trump Media & Expertise Group turning into a publicly listed firm, topic to regulatory and stockholder approval.”
Trump additionally mentioned he would roll out a platform referred to as “TRUTH Social,” which he claimed will “stand as much as the tyranny of Huge Tech.”
Trump has been banned by social media giants Twitter and Fb since early this yr after he was accused of inciting the Jan. 6 Capitol riot by a mob of his supporters.
Earlier than the ban, Trump had been a compulsive consumer of Twitter, usually sending out a number of tweets per day throughout his presidency. Because of the ban, Trump has struggled to get his off-the-cuff brickbats in opposition to political foes heard within the mass media.
Within the press launch Wednesday night time, the ex-president’s new firm mentioned its “mission is to create a rival to the liberal media consortium and combat again in opposition to the ‘Huge Tech’ firms of Silicon Valley, which have used their unilateral energy to silence opposing voices in America.”
Digital World Acquisition was integrated in late 2020, shortly after Trump misplaced a reelection bid in opposition to President Joe Biden.
The ticker DWAC was among the many prime 10 hottest names on Reddit’s WallStreetBets chatroom Thursday, even exceeding meme inventory GameStop’s mentions, in line with various knowledge supplier Quiver Quantitative.
That might be an indication that retail buyers energetic on social media platforms have been fueling the rally within the SPAC.
The Securities and Change Fee didn’t instantly reply to a request for remark.
The deliberate merger values Trump Media & Expertise Group “at an preliminary enterprise worth of $875 Million, with a possible extra earnout of $825 Million in extra shares (on the valuation they’re granted) for a cumulative valuation of as much as $1.7 Billion relying on the efficiency of the inventory worth post-business mixture,” the press launch Wednesday mentioned.
“Trump Media & Expertise Group’s progress plans initially will probably be funded by DWAC’s money in belief of $293 Million (assuming no redemptions),” in line with the discharge.
Thursday’s rally might imply huge returns for insiders concerned within the deal, together with a handful of hedge funds. D.E. Shaw owned 8% of the SPAC, or 2.4 tens of millions of shares, whereas ARC Capital held a close to 18% stake, or 6.6 million shares, in line with regulatory filings. Saba Capital Administration, Highbridge Capital Administration and Lighthouse Funding Companions have been additionally huge early buyers of the SPAC.
A company overview of Trump’s new firm doesn’t checklist any officers, staff, or operations.
As a substitute, the 22-page slideshow accommodates a number of graphics exhibiting what number of followers Trump had on Twitter earlier than he was banned, and options that the brand new enterprise will compete with each Disney+ and Netflix.
Patrick Orlando, CEO of DWAC, within the press launch mentioned, “Digital World was fashioned to create public shareholder worth and we imagine that TMTG is likely one of the most promising enterprise mixture companions to meet that function.”
“Given the overall addressable market and President Trump’s giant following, we imagine the TMTG alternative has the potential to create important shareholder worth,” Orlando mentioned.
The discharge additionally mentioned that “TMTG intends to launch a subscription video on demand service” referred to as TMTG+.
“TMTG+ will function ‘non-woke’ leisure programming, information, podcasts, and extra,” the discharge mentioned.
Orlando, who graduated from MIT, spent 5 years at Deutsche Financial institution, the place he labored with rising markets fastened revenue derivatives.
Orlando later moved into the South American sugar trade and is at the moment concerned with at the very least three different SPACs, or so-called blank-check firms: Yunhong Worldwide, Benessere Capital Acquisition and Maquia Capital Acquisition.
Orlando can be CEO of Yunhong Worldwide, which was integrated within the Cayman Islands in 2020 and which lists its headquarters in Wuhan, China.
Town of Wuhan can be the origin level of the coronavirus, which causes Covid-19, the pandemic illness that has ravaged the world for the previous two years.
Each as president and since then, Trump has referred to Covid as “The Wuhan virus,” and insisted the pathogen was intentionally launched from a Wuhan virology lab.
He has additionally demanded China pay reparations to the world for the injury wrought by the virus.
In Could, Yunhong Worldwide introduced it had reached a deal to take a Chinese language inexperienced power firm, Giga Power, public. However that deal fell aside, and Giga Power terminated its settlement with Yunhong final month.
The chief monetary officer of Digital World Acquisition is Luis Orleans-Braganza, a member of Brazil’s parliament and a supporter of the far-right president, Jair Bolsonaro.
Orleans-Braganza can be a member of Brazil’s defunct royal household, which has not been in energy for the reason that nation turned a republic within the late nineteenth century.
However family members nonetheless fake to be royalty. Orleans-Braganza himself has proposed an modification to Brazil’s structure that might create a fourth department of presidency, a transfer that many observers see as an try to start reinstalling a monarchy in Brazil.